Economic growth combined with environmental protection
The environment in Vietnam is under great socio-economic pressure. More than 280 industrial zones discharge 550,000 cubic meters of waste water every day and night. Only 5% of Vietnam’s industrial zones have adequate waste water treatment.
Thousands of businesses involved in mining, building materials, and handicraft products have polluted the environment. The use of biological resources has led to shrinking ecosystems.
At a recent national meeting, Prime Minister Nguyen Xuan Phuc confirmed a ban on productions using backward technology that might pollute the environment.
Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said Vietnam intends to develop its economy without destroying the environment. Vietnam wants to attract and creates favorable conditions for investment projects that are technologically modern and meet environmental protection standards.
Mr Nhan said "We encourage investment in hi-tech projects. In the near future, each province will adopt an environmental protection plan. Projects viewed as environmentally-harmful should be prohibited.
We demand high tech projects that meet Vietnam’s criteria and are in appropriate locations. These considerations will be included the plan.”
Deputy Minister Nhan said Vietnam’s policy of economic growth combined with environmental protection matches the regulations of the new trade deals Vietnam is about to participate in. But he called for a more coordinated technological infrastructure in Vietnam.
“The national meeting on environmental protection chaired by the Prime Minister delivered a message of “economic growth parallel with environmental protection” and included it in Vietnam’s program of action.
Vietnam’s membership in a new generation of free trade deals means international integration, which requires better public awareness of environmental laws and more efforts on the part of businesses to abide by the laws.
This is a challenge, but also an opportunity for Vietnam’s sustainable development”, said Mr Nhan.
Related News
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
Unlock capital flows and create favorable conditions for investors
10:22 | 27/03/2024 Import-Export
Creating breakthrough solutions to attract large-scale FDI projects
09:36 | 21/03/2024 Import-Export
Latest News
Overseas remittances to HCM City record highest increase in three years
17:38 | 18/04/2024 Headlines
Vietnam, UK sign new agreement on illegal migration
17:35 | 18/04/2024 Headlines
Quang Ninh tops country’s public administrative reform index
16:08 | 17/04/2024 Headlines
Government urged to probe gold traders to prevent possible market manipulation
15:52 | 16/04/2024 Headlines
More News
Việt Nam announced National Report under 4th UN Human Rights Council's fourth cycle reviews
14:24 | 16/04/2024 Headlines
Brand building common responsibility of whole society: ministry
15:08 | 15/04/2024 Headlines
Paraguay wants to expand economic cooperation with Vietnam
15:06 | 15/04/2024 Headlines
Top legislator wraps up official visit to China
18:02 | 14/04/2024 Headlines
2024 a year for making breakthroughs: Forum
18:00 | 14/04/2024 Headlines
Forum boosts economic ties among ASEAN, emerging economies, Russia
15:41 | 13/04/2024 Headlines
Sustainable production a prerequisite for international economic integration
14:05 | 12/04/2024 Headlines
Peacekeepers help promote Vietnam’s image
14:28 | 11/04/2024 Headlines
ADB maintains 6% growth forecast for Vietnam"s economy
14:23 | 11/04/2024 Headlines
Your care
Overseas remittances to HCM City record highest increase in three years
17:38 | 18/04/2024 Headlines
Vietnam, UK sign new agreement on illegal migration
17:35 | 18/04/2024 Headlines
Quang Ninh tops country’s public administrative reform index
16:08 | 17/04/2024 Headlines
Government urged to probe gold traders to prevent possible market manipulation
15:52 | 16/04/2024 Headlines
Việt Nam announced National Report under 4th UN Human Rights Council's fourth cycle reviews
14:24 | 16/04/2024 Headlines